Skip to main content

Elliott Wave

Elliott Wave drawings resemble the Path drawing in appearance but are conceptually different. Based on Elliott Wave Theory, they should be used according to the principles defined by the theory.

🔸 Elliott Wave Theory​

Elliott Wave Theory describes two types of waves:

  • Impulse waves (also called motive waves), which move in the direction of the main trend.
  • Corrective waves, which move against the trend.

Both Elliott Wave drawings share the same set of customizable properties.

Examples​

Elliott Impulse Wave​

Elliott Correction Wave​